In the Press
October 18th, 2011 by Kendall Shiffler
For the second year in a row, the Dallas Business Journal has recognized PegasusAblon as a top tier winner in their annual Best Places to Work competition. This year, PegasusAblon took second place in the small business category, achieving the award based on the results of a survey which polled all employees on topics such as work environment, people practices, innovations/new ideas, leadership in the organization and employee recognition.
“People want to be respected, trusted, appreciated and have stability and a sense of both individual and collective destiny. Top talent doesn’t just want this; true top talent demands it both for themselves and for those on their team,” PegasusAblon principal Mike Ablon says. “I believe that if you get this right, everything else generally works.”
Read PegasusAblon’s Best Places to Work write-up on the DBJ website or download a PDF of the article.
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March 1st, 2011 by Kendall Shiffler
Last Thursday PegasusAblon’s Lower Oak Lawn in the Dallas Design District project was named Public-Private deal of the year winner at the Dallas Business Journal’s 2011 Best Real Estate Deals dinner.
The master plan by PegasusAblon and their investment partner, The Lionstone Group, for the approximately 40-acre area, includes development of more than 1,300 apartments, 800,000 square feet of showroom and gallery space, a new public park, upgraded road systems, restaurants and a future boutique hotel.
PegasusAblon partnered with the City of Dallas through new a TIF district to support infrastructure and aesthetic improvements in the Dallas Design District. PegasusAblon committed $6 million of private capital to upgrading public infrastructure to support development and to improve the streetscape of the area. A major focus included reestablishing the street grid, and creating a new, central heart to the Design District. Lush landscaping, impressive public art from local sculptors, improved lighting, a new amphitheater, prominent entry features and other community-centered attributes give the neighborhood new personality and style.
The successful revitalization of the Dallas Design District required the coordination of many strategic partnerships between both public and private stakeholders. The project involved coordination between multiple jurisdictional entities, the newly formed Oak Lawn-Hi Line PID, two non-profit groups as well as 30 separate property ownerships and four private developers.
To accomplish the integrated master plan, seven different professional design and consulting groups were integrated into the development team to accomplish the highest quality work in each of the respective disciplines, including Good Fulton Farrell, TBG Partners, HKS Architects, and others.
This project required constant coordination and communication with such entities and individuals as:
- City of Dallas (including the assistance of Karl Stundins and Karl Zavitkovsky)
- Oak Lawn-Hi Line PID
- Dallas Design District TIF Board #621
- Dallas County
- North Texas Council of Governments
- State of Texas
- Texas Department of Transportation
- Trinity Strand Trail (including assistance of Mike Kutner)
- Katy Trail
- More than 30 separate property plats and four different private developers, all in an evolving 3-year coordination.
Tax records show that the from the base tax year of 2005 through 2009, the assessed taxable value of property in the Dallas Design District TIF had grown 88.4 percent to more than $267 million.
PegasusAblon’s goal was to breathe new life into a historic area and to raise the sea level of the entire neighborhood, not just its properties. PegasusAblon has effectively preserved and enhanced a precious piece of Dallas history, and simultaneously created an economically viable region ripe for future growth.
February 11th, 2011 by Kendall Shiffler
PM Realty Group’s recent ground breaking on 1400 Hi Line, a 23-story, mixed-use project, has further proved the Dallas Design District’s status as an emerging multi-family development hotspot. In a recent article from GlobeSt.com, Will Balthrope, a senior director with the Balthrope Group of Institutional Property Advisors, a Marcus & Millichap Co. was quoted saying:
“Of all the submarkets in Dallas to invest in, many institutional apartment investors believe the Dallas Design District has the most upside for potential rent growth in the future. It is truly an up-and-coming, urban infill location.”
Read the rest of the article, Design District Emerges as MF Development Hotspot, at GlobeSt.com.
November 17th, 2010 by Kendall Shiffler
D CEO magazine recently featured insight from top executives from Dallas real estate firms on the state of the real estate market. Read PegasusAblon principal Mike Ablon’s take on the topic after the jump.
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September 23rd, 2010 by Kendall Shiffler
Each year the Dallas Business Journal awards outstanding companies in the DFW area with the prestigious “Best Places to Work” designation. Winning companies are selected based on the results of employee survey which are then matched again national best practice scores for their category.
This year PegasusAblon took first place in the Small Companies category, which represents businesses in all industries across North Texas with 10 to 50 employees. Furthermore, PegasusAblon Properties received an overall score of 99.87% — higher than any company of any size in the competition.
Download the article to see PegasusAblon’s profile in the September special edition of the Dallas Business Journal.
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May 1st, 2010 by Kendall Shiffler
Design was the focus of the May edition of FD Luxe, and the Dallas Design District was certainly the star. The ten-page feature on Dallas’s Lower Oak Lawn neighborhood highlighted several of PegasusAblon’s properties, including Decorative Center Dallas, the Dallas Design Center, and The Meddlesome Moth, the area’s newest restaurant tenant. The issue also included a dual page spread on the area’s new multifamily market.
Read all three articles online:
- Dallas Design District is poised to be the new uptown
- Design District lofts draw creative residents
- Dining out in the Design District
April 27th, 2010 by Kendall Shiffler
PegasusAblon’s innovative social media marketing platform for their Lower Oak Lawn project has garnered attention from the real estate and online marketing industries alike. This week the Dallas Morning News featured these innovations on the front page of the business section. See what all the buzz is about by checking out the blog at LowerOakLawn.com.
Read the article online: Dallas developer devotes staffer full time to blog and tweet
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April 1st, 2010 by Kendall Shiffler
April’s issue of D Magazine highlights PegasusAblon principal Mike Ablon and his plans for the redevelopment of one of Dallas’s most treasured neighborhoods, the Dallas Design District.
Read the article online: The Dallas Urban Experiment
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December 11th, 2009 by Kendall Shiffler
In a recent article from the Dallas Morning News, Steve Brown highlighted updates from PegasusAblon’s Lower Oak Lawn development, including the new multi-family market and restaurant scene.
Read the article online: Dallas Design District’s second redo takes shape
Leave A CommentNovember 28th, 2008 by Kendall Shiffler
The Dallas Morning News recently featured PegasusAblon’s Lower Oak Lawn (LOL) development, updating the public on the status of development plans and giving insight into the developer’s aim to “keep it authentic.”
Read the article online: Developer aims to ‘keep it authentic’
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